The Big Venture Challenge supports ambitious social entrepreneurs with access to finance, business support and powerful connections to help them scale their ventures. UnLtd is running the programme, which is funded by the Big Lottery.
The Big Venture Challenge is an intensive 12 month programme that is designed to help you raise external investment (debt or equity) of between £50,000 to £250,000. This means working with you to build a compelling growth story, finding investors, making strategic connections and supporting you as an entrepreneur during the journey.
The competition will open on 8th January, the final deadline for submission will be 8th February and the 30 winners will be announced by the end of April.
The Big Venture Challenge runs themed and regional cohorts every year in order to build deeper, more relevant strategic support networks around each cohort. In 2013 their themed cohort will be in Health and Social Care and their regional cohort will be in the North West of England.
They are looking for people like:
Mohammad, who has developed the world’s first patient-controlled medical records system. Patients Know Best improves healthcare by putting patients in control and improves the quality of care by finding and fixing the many errors in all medical records. This saves the NHS money by eliminating unnecessary appointments and empowers patients, enabling individuals to look after their own health and lead more independent lives. With his medical background, digital expertise and the support of the Big Venture Challenge, Mohammad has turned the idea into a product which he aims to share with over 1 million patients worldwide in the next three years. Since embarking on the Big Venture Challenge in 2011 Mohammad has raised over £100,000 in investment, rolled out Patients Know Best to Great Ormond Street Hospital, UCL Hospital, St Mark’s Hospital and Torbay Hospital,and has initial agreements with clinicians in the Middle East, USA and South Africa.
Emma, the entrepreneur behind Beyond Youth, a therapeutic intervention for offenders. Emma originally started working with young offenders and her interventions had dramatic results, reducing reoffending rates among young offenders by 75%. This is three times the national average. Beyond’s Youths therapies and solutions have been so successful, that Emma and the team have developed the services to a wider market, working with adult offenders in custody and in the community. The Big Venture Challenge is supporting Emma as she embarks on an ambitious franchising model, taking Beyond Youth’s services out across the UK.